Nvidia’s Groq Move: When the King of AI Chips Admits It Needs Help
Nvidia just pulled off what might be the tech industry’s most expensive talent raid. The chip giant struck a “non-exclusive licensing deal” with Groq, an AI inference startup, that looks suspiciously like an acquisition in disguise. Groq’s founder Jonathan Ross and its president are joining Nvidia, along with key engineers. While neither company disclosed the price tag, CNBC reported it at $20 billion, nearly triple Groq’s $6.9 billion valuation from just a few months ago.
